TECHNOPRENEURSHIP

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Technopreneurship

September 2022
TECHNOPRENEURSHIP Global Problem
Solvers

What is TECHNOLOGY?
It is the application of scientific knowledge
for practical purposes, especially in industry.

What is Entrepreneurship?
the activity of setting up a business or
businesses, taking on financial risks in the
hope of profit.
TECHNOPRENEURSHIP Global Problem
Solvers

The term technopreneurship is a fusion of two words, technology,


and entrepreneurship. It is a kind of entrepreneurship in the field
of technology. It involves tech-savvy, creative, innovative individuals
who have a knack for taking a calculated risk, unlike
entrepreneurship, which can sometimes be a one-person show.

A technopreneur is a person who revolutionizes the prevailing


economic order by making the best use of the technology at hand.
Technology and the Global Problem
Entrepreneur Solvers

Goods and services are produced using the factors of production available
to the economy. Two things play a crucial role in putting these factors of
production to work. The first is technology, the knowledge that can be
applied to the production of goods and services. The second is an
individual who plays a key role in a market economy: the entrepreneur.
An entrepreneur is a person who, operating within the context of a
market economy, seeks to earn profits by finding new ways to organize
factors of production. In non-market economies the role of the
entrepreneur is played by bureaucrats and other decision makers who
respond to incentives other than profit to guide their choices about
resource allocation decisions.
Technology and the Global Problem
Entrepreneur Solvers

The interplay of entrepreneurs and technology affects all our lives.


Entrepreneurs put new technologies to work every day, changing the way
factors of production are used. Farmers and factory workers, engineers
and electricians, technicians and teachers all work differently than they did
just a few years ago, using new technologies introduced by entrepreneurs.
The music you enjoy, the books you read, the athletic equipment with
which you play are produced differently than they were five years ago. The
book you are reading was written and manufactured using technologies
that did not exist ten years ago. We can dispute whether all the changes
have made our lives better. What we cannot dispute is that they have made
our lives different.
DESIGN THINKING Global Problem
Solvers

Technopreneurship
Common Technologies involves designingFuture
or Technologies
thinking around
Computing Power.
how... to make profit using new or old
Television.
Internet. technologies.
Smarter Devices.
Cell phones. ... Quantum Computing.
Computers. ... Datafication.
Circuitry. ... Artificial Intelligence and
Artificial intelligence. ... Machine Learning.
Software. ... Extended Reality.
Audio and visual technology. Digital Trust.
3D Printing.

Which of the following are you rightly


positioned in making profit from?
DESIGN THINKING Global Problem
Solvers

What is Design Thinking?


Design thinking is an approach used for practical
and creative problem-solving.

Design thinking is a non-linear, iterative process that


teams use to understand users, challenge
assumptions, redefine problems and create
innovative solutions to prototype and test.
STAGES OF DESIGN THINKING

EMPATHIZE: Research Your Users' Needs

DEFINE: State Your Users' Needs and Problems

IDEATE: Challenge Assumptions and Create Ideas

PROTOTYPE: Start to Create Solutions

TEST: Try Your Solutions Out


FACTORS AFFECTING TECHNOPRENEURSHIP
Human Factor – Ideation, Skills, Labour, Partnership etc

Financial Factor – Capital, Loans, Grants, Pricing, Cost of Production, ROI


etc

Economic Factor – Competitions, Demand and supply, expansion,


Government policies, legal issues, patent, etc

Environmental Factor –Temperature, food, pollutants, population


density, sound, light, and parasites etc
DOES THIS MAKE SENSE

//

Technical Skills Hands-On Career Skills Global Problem


Experience Solvers
Networking, Teamwork,
security, cloud Network simulation collaboration, Motivation to address
technologies tools, labs with communications, social or business
Cisco equipment problem-solving challenges
Role of Cisco in Technopreneurship for Students
Knowledge (Understanding the concept of being a Technopreneur)

Conceive the Technopreneurship Idea


//
Practicalise Technopreneurship

Be your own boss {Technopreneur or Intrapreneur}


Technical Skills Hands-On Career Skills Global Problem
Get Networking,
access to grants and mentorship
Experience programs for
Teamwork, Technopreneurs
Solvers
security, cloud Network simulation collaboration, Motivation to address
Solve national
technologies and global problem
tools, labs with communications, social or business
Cisco equipment problem-solving challenges
PUTTING IT TOGETHER

//

Technical Skills Hands-On Career Skills Global Problem


Experience Solvers
Networking, Teamwork,
security, cloud Network simulation collaboration, Motivation to address
technologies tools, labs with communications, social or business
Cisco equipment problem-solving challenges
Famous Technopreneurs

Elon Musk Mark Zuckerberg Jeff Bezos Bill Gates Larry Page
(SpaceX) (Facebook) (Amazon) (Microsoft) (
How do Cisco make Technopreneurship Journey
possible?

//

Technical Skills Hands-On Career Skills Global Problem


Experience Solvers
Networking, Teamwork,
security, cloud Network simulation collaboration, Motivation to address
technologies tools, labs with communications, social or business
Cisco equipment problem-solving challenges
POTENTIAL AREAS TO THRIVE

Embodied AI Earthquake prediction

Energy-efficient desalination Brain decoding

Ocean clean-up

Grid-scale energy storage

Carbon appropriation

Dementia treatment

Secure driverless car


References
• https://www.interaction-design.org/literature/topics/design-thinking
• https://www.giet.edu/post/technopreneurship-an-emerging-field-of-entrepreneurship
/#:~:text=The%20term%20technopreneurship%20is%20a,be%20a%20one%2Dperson
%20show
.
• Oxford dictionary
• https://www.iedunote.com/entrepreneurship
• https://industrywired.com/ten-big-global-challenges-technology-could-solve/
• https://open.lib.umn.edu/principleseconomics/chapter/2-1-factors-of-production/

Link for Registration:


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Philip Ekundayo
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